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20121101
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as a goodwill gesture ahead of a visit by u.s. president barack obama. >> opposition have criticized the embassy, saying it applies mainly to common criminals and does not appear to include political prisoners. at least 330 people lost about to be in jail for political reasons. after almost five decades of repressive army rule, the burmese government has said freedom for political prisoners would be a centerpiece of its reforms. it is official -- the eurozone is back in recession. >> new figures show the eurozon+ economy shrank by 0.1%, the second consecutive drop in output. >> there was some positive news, though -- germany's economy weakened less than many had feared. like france, it just managed to eke out some growth. >> elsewhere in the picture, it was anything but rosy. >> people in southern europe have struggled with years of the zero economic growth -- spain, italy, portugal, and greece have seen rising unemployment and chronic budget shortfalls, but now, economic growth is also slowing in northern europe's industrial economies. in europe's biggest economy, germany, third quarter gdp gro
obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly by the rescue package for greece, but at this last trading day of the week, trading has been quite low. the positive trend continued, although there has been some bad news coming in, like the record high unemployment rate in the euro area and the fact that u.s. consumers spend less money in october. nevertheless, the mood is fine. investors hope the fiscal cliff in the u.s.a. can be avoided. >> let's get a closer look at friday's trading. with all that uncertainty in washington, traders were playing it cautious. in germany, the blue-chip dax broke a bit of a winning streak, only gaining fractionally. e
Search Results 0 to 2 of about 3 (some duplicates have been removed)